Texas-based Prophet Capital Asset Management has implemented Broadridge Financial Solutions’ integrated trading, portfolio management and operating platform.
With $2.3 billion under management, Prophet Capital is one the latest of a series of hedge funds to adopt the Broadridge platform, which provides order management, portfolio accounting and risk management functionality on a common platform, allowing users to capture orders and automatically reconcile trade files to prime brokers.
"An established structured credit fund like ours, with a two-decade growth trajectory and an increasingly sophisticated investor base, requires scalable, institutional-quality infrastructure," says Kurt Rechner, COO of Prophet Capital. "The Broadridge solution offered out-of-the-box functionality as well as the option for customization to support trading of complex securities ─ which was key for us ─ all through a single platform."
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